BellRing Brands, Inc. (NYSE:BRBR) Position Lifted by Rhumbline Advisers

Rhumbline Advisers raised its stake in shares of BellRing Brands, Inc. (NYSE:BRBR) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 346,026 shares of the company’s stock after acquiring an additional 3,656 shares during the quarter. Rhumbline Advisers owned approximately 0.27% of BellRing Brands worth $26,070,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after acquiring an additional 474 shares during the last quarter. UMB Bank n.a. lifted its position in shares of BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after buying an additional 234 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of BellRing Brands in the 3rd quarter worth about $44,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of BellRing Brands in the 4th quarter worth about $52,000. Finally, Fifth Third Bancorp lifted its position in shares of BellRing Brands by 18.2% in the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after buying an additional 153 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $75.30, for a total value of $384,030.00. Following the completion of the transaction, the director now directly owns 1,166,691 shares in the company, valued at $87,851,832.30. This trade represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 156,870 shares of company stock worth $12,087,294 over the last ninety days. 1.07% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BRBR has been the topic of a number of recent research reports. Jefferies Financial Group raised their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Citigroup increased their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Stifel Nicolaus raised their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Bank of America raised their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, DA Davidson reissued a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.87.

BellRing Brands Price Performance

Shares of BRBR opened at $77.38 on Thursday. The firm’s 50 day moving average is $75.79 and its 200-day moving average is $68.16. The stock has a market capitalization of $9.93 billion, a P/E ratio of 36.33, a P/E/G ratio of 2.32 and a beta of 0.86. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, equities research analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands Company Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.